Parmeshwar Metal IPO Details
The Parmeshwar Metal IPO is a book build issue with a total issue size of ₹24.74 cr, comprising of fresh issue of 4056000 equity shares. Parmeshwar Metal IPO opened for subscription on Jan 02, 2025 and closed on Jan 06, 2025. Parmeshwar Metal IPO is set price band at ₹57 to ₹61 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹244,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jan 07, 2025, and listed on both the NSE and BSE on Jan 09, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Beeline Capital Advisors Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Parmeshwar Metal IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 57 – 61
- Lot Size
- 2000
- Issue Size
- ₹24.74 Cr
- Minimum Investment
- ₹244000 (4000 Shares)
- Listing Date
- 09 January 2025
Current GMP
₹38 (+62.30%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Parmeshwar Metal Limited
Parmeshwar Metal Limited is an ISO 9001:2015 certified company based in Gujarat, India, specializing in the manufacturing of copper wire and copper wire rods by recycling copper scrap. The company operates a facility located in Dehgam, Gujarat, where it produces copper wire rods in sizes such as 1.6 mm, 8 mm, and 12.5 mm, tailored to meet customer specifications. These wire rods are used in a variety of applications, including power cables, building wires, transformers, automotive industries, and household cables.
The company emphasizes quality control through an in-house testing lab, ensuring both raw materials and finished products meet customer requirements and industry standards. It also prioritizes health and safety, providing safety tools and equipment to its workforce.
Recycling copper scrap is a key part of Parmeshwar Metal’s operations, as it is more energy-efficient and environmentally sustainable than extracting copper from primary sources. The company uses a range of machinery, including melting furnaces, rolling mills, and baling presses, in its manufacturing process.
The business is managed by promoters with over 35 years of experience in the metal industry, who oversee operations, quality control, human resources, and financial management. Their expertise has been instrumental in driving the company's growth and ensuring its profitability.
With a vision to expand its product offerings, Parmeshwar Metal plans to manufacture bunched copper wire by installing additional production facilities at its existing location.
Parmeshwar Metal IPO Promoters
- Mr Shantilal Kailashchandra Shah
- Mr Suchitkumar Maheshbhai Patel
- Mr Piyush Giriraj Shah
- Mr Radheshayam Jankilal Shah
- Mr Parth Maheshbhai Patel
- Mr Pratik Radheshyam Shah
- Mrs Kailashben Radheshyam Shah
Promoters Holding
Holding Pre Issue
93.33%
Holding Post Issue
70.81%
Parmeshwar Metal IPO Objective
FRESH ISSUE
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- Setting up a new manufacturing facility at Dehgam, Gujarat, for manufacturing of Bunched copper wire and 1.6 MM Copper Wire Rod
- Furnace renovation for copper melting
- To Meet Working Capital Requirements.
- General Corporate Purpose
Address / Contact Info
Parmeshwar Metal Limited
Survey No. 130 P & 131, State Highway No. 69
Sampa Lavad Road,Village Suja Na Muvada,
Post-Sampa Gandhinagar, Dehgam,
Gujarat-382315
Phone: +91 6357076561
Email: cs@parmeshwarmetal.com
Website: https://www.parmeshwarmetal.com/
IPO Snapshot
Book Running Lead Managers
- Beeline Capital Advisors Pvt Ltd
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Parmeshwar Metal IPO is a Book-building IPO with a total issue size of ₹24.74 crore. The Parmeshwar Metal IPO price band is ₹57 to 61 per share. The Parmeshwar Metal IPO subscription opens on Thu, Jan 2, 2025, and closes on Mon, Jan 6, 2025. The Parmeshwar Metal IPO will be listed on the BSE. MUFG Intime India Private Limited is the registrar for the Parmeshwar Metal IPO.
The Parmeshwar Metal IPO opens on Thu, Jan 2, 2025 and closes on Mon, Jan 6, 2025
Parmeshwar Metal IPO Price Band is ₹57 to 61 per share.
Parmeshwar Metal IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹244000 based on the upper price band
The minimum investment for Parmeshwar Metal IPO is ₹244000, based on one lot of 2000 shares at the upper price band of ₹61 per share.
Investors can apply for the Parmeshwar Metal IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Jan 6, 2025. The application amount remains blocked until the Parmeshwar Metal IPO allotment is finalized.
Parmeshwar Metal IPO issue size is ₹24.74 crores.
Parmeshwar Metal IPO allotment date is Wed, Jul 1, 2026.
The registrar for Parmeshwar Metal IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Parmeshwar Metal IPO allotment status, refund processing, and other IPO-related information.
The Parmeshwar Metal IPO GMP (Grey Market Premium) is ₹38 as of Thu, Jan 9, 2025. Based on the upper price band of ₹61 per share, the estimated Parmeshwar Metal IPO listing price is ₹99, indicating a potential listing gain of approximately 0% over the issue price.